Examples of Initial Appraised Value in a sentence
If the two Initial Appraised Values differ from each other by more than 10% (based on the lower Initial Appraised Value), then the two initial Appraisers shall, within five (5) Business Days following such calculation, jointly select a third Appraiser.
If the two Initial Appraised Values differ from each other by 10% or less (based on the lower Initial Appraised Value), then the Fair Market Value of such Units shall be deemed to be the average of such Initial Appraised Values.
If the Post-Recovery Event Appraised Value set forth in such Recovery Event Appraisal is equal to or greater than the Initial Appraised Value, no further action by the Borrower shall be necessary under this clause (c).
Schedule 4.01 contains a true and complete list of all Aircraft Assets, the Initial Appraised Value of each Aircraft and the Person within AerCo Group that owns directly or indirectly such Aircraft Asset (or, in the case of the Offering Memorandum Aircraft, the AerFi company whose stock is contemplated by the Offering Memorandum to be acquired by AerCo on or following the Closing Date and which has contracted to acquire such Offering Memorandum Aircraft), in each case as of the date hereof.
In addition, the Servicer will furnish to AerCo, upon request of AerCo, information necessary for AerCo to furnish to the Standby Servicer a complete list of all Aircraft Assets, the Initial Appraised Value of each Aircraft Asset and the Person within AerCo Group that owns such Aircraft Asset, the jurisdiction in which such Person is legally organized and its officers, directors and shareholders, in each case as of the Start Date.